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Lucky Block Market Prediction: March 21
The Lucky Block market prediction is for the price to commence its recovery from the $0.0000360 significant level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000260, $0.0000360
The Lucky Block market has begun building from the $0.0000360 support level. The price can be said to have found stability after sliding through several levels after the rejection at $0.0000750. During the market’s last bearish cycle, it also reversed from this level and built the price up to the $0.0000750 resistance level. A similar scenario is set to reoccur.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The Lucky Block market has progressed from the crucial $0.0000360 support level.
This $0.0000360 level aiding the potential rally marks a significant point of stability following a series of declines after the rejection at $0.0000750.
Notably, during the preceding bearish cycle, a reversal occurred from this support level, propelling the price towards the $0.0000750 resistance. History seems poised to repeat itself similarly.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Analyzing the daily chart, the MA Cross (Moving Average) currently positions above the trading level, indicating a potential signal for a new rally pending its confirmation through a cross. Meanwhile, the EFI (Elders Force Index) power line has dipped into negative territory below equilibrium. However, a promising upward turn suggests a gradual convergence towards equilibrium.
Zooming into the 4-hour timeframe reveals the MA Cross hovering directly above the candlesticks, and the candles intermittently intersecting the lines as the market strives to ignite a fresh rally. Concurrently, the EFI line exhibits fluctuations below the zero level, with a recent upward movement resulting in the tip protruding above the zero mark. This resurgence signifies heightened bullish momentum, fueling prospects for a market reversal.
How to buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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